Fact sheet: GIS Ttl Rtn Eu HY

Fund information
Fund name
GIS Total Return Euro High Yield DX
Fund manager company
Generali Investment SICAV
Fund type
Offshore Fund
Fund manager
  • Stefano Perinsince 30/09/2007
Fund objective
The objective of the Fund is to preserve the invested capital and maximize the total investment return through an exposure to Euro denominated high yield debt securities. The Fund shall essentially invest in Euro denominated high yield debt and debt-related securities of any kind. Investments in contingent convertible bonds ("CoCos") are allowed up to 10% of the Fund's net assets. The Fund may also, in the event of a default of a company under a debt instrument the Fund holds against such company and when such company is being restructured, acquire equity securities in such company in consideration for the discharge of part or all of the debt due by such company to the Fund. The Fund may hold equities following the conversion up to 5% of its net asset. The Fund may use financial instruments and derivatives for hedging purposes, for efficient portfolio management purposes and for investment purposes.
Benchmark
  • No Specified Index
Investment style
Active,High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
1.4%
1 Year rank in sector
28/29
Sector
FO Fixed Int - EUR High Yield
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.47%
Fund size
£69m (£62m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
67
Top in this sector
Fund name1 Year
Aberdeen Gbl SelEurHiYdBd24.8%
Pioneer SICV-Eur Hi Yd24.7%
Deutsche Inv I EurHiYdCorp9.1%
Nordea 1 Europ HgYdBd II8.3%
JI High Yield Corporate Bonds CL7%
...more in FO Fixed Int - EUR High Yield

Performance snapshot

Holdings snapshot

  • Italy23.5%
    Others18.2%
    Money Market10.1%
    France10.1%
    Spain10.1%
  • Consumer Discretionary18.9%
    Government Bonds15%
    Others12.2%
    Financials12.2%
    Materials10.7%
  • Italian Fixed Interest23.5%
    Global Fixed Interest18.2%
    Money Market10.1%
    French Fixed Interest10.1%
    Spanish Fixed Interest10.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%-0.6%1.3%1.4%8.1%30.6%
Sector-0.1%-0.4%2.9%5.6%11.8%47.4%
Rank within sector14 / 2816 / 2926 / 2928 / 2921 / 2518 / 20
Quartile2nd3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund2.4%1.4%3.5%4.1%16.7%
Sector6.7%0.8%3.2%8.3%22.4%
Rank within sector29 / 2911 / 2915 / 2522 / 2420 / 21
Quartile4th2nd3rd4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.16
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.77
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
3.61
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.81
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.53
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.81
Price movement
52 week high204.41
52 week low188.51
Current bid price-
Current offer price-
Current mid price203.17
Region
1Italy23.49%
2Others18.18%
3Money Market10.13%
4France10.09%
5Spain10.08%
6UK9.38%
7Germany8.33%
8Luxembourg5.53%
9Portugal4.79%
Industry sector
1Consumer Discretionary18.88%
2Government Bonds14.95%
3Others12.16%
4Financials12.15%
5Materials10.72%
6Money Market10.13%
7Industrials8.27%
8Telecommunications Utilities6.38%
9Energy6.36%
Asset type
1Italian Fixed Interest23.49%
2Global Fixed Interest18.18%
3Money Market10.13%
4French Fixed Interest10.09%
5Spanish Fixed Interest10.08%
6UK Fixed Interest9.38%
7German Fixed Interest8.33%
8Luxembourg Fixed Interest5.53%
9Portuguese Fixed Interest4.79%
Individual holdings
1ITALY(REPUBLIC OF) 0% BDS 28/03/18 EUR10005.05%
2ITALY(REPUBLIC OF) 0% BDS 30/08/17 EUR10005.05%
3GOVERNMENT OF PORTUGAL 0.0% 20-JAN-20174.76%
4CNH INDUSTRIAL FIN EUROPE SA 6.25% EMTN 09/03/18 EUR10002.81%
5UNITYMEDIA HESSEN / NRW 5.625% BDS 15/04/23 EUR1000002.8%
6HEIDELBERGCEMENT FINANCE BV 9.5% MTN 15/12/18 EUR500002.66%
7WIND ACQUISITION FINANCE SA 7% BDS 23/04/21 EUR1000144A2.4%
8TELEFONICA EUROPE BV 6.5% PERP2.01%
9PEMEX PROJECT FUNDING MASTER TRUST 5.5% BDS 24/02/25 EUR1000 `REG S`1.67%
Management
Fund manager group
No data available.
Fund manager company
Generali Investment SICAV
Fund type
Offshore Fund
Fund objective
The objective of the Fund is to preserve the invested capital and maximize the total investment return through an exposure to Euro denominated high yield debt securities. The Fund shall essentially invest in Euro denominated high yield debt and debt-related securities of any kind. Investments in contingent convertible bonds ("CoCos") are allowed up to 10% of the Fund's net assets. The Fund may also, in the event of a default of a company under a debt instrument the Fund holds against such company and when such company is being restructured, acquire equity securities in such company in consideration for the discharge of part or all of the debt due by such company to the Fund. The Fund may hold equities following the conversion up to 5% of its net asset. The Fund may use financial instruments and derivatives for hedging purposes, for efficient portfolio management purposes and for investment purposes.
Benchmark
  • No Specified Index
Investment style
Active,High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Stefano Perin30/09/2007Mr. Perin joined Generali Investments Europe in July 2004 as Portfolio Manager. Education: Degree in Banking and Finance, University of Udine/CFA charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Belgium, Switzerland, United Kingdom, Hong Kong, Luxembourg, Netherlands, Offshore
GIS Total Return Euro High Yield AX
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price178.065
CurrencyEUR
Price updated17/10/2012
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG424
GIS Total Return Euro High Yield AY
Initial charge5%
Annual charge0.4%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price94.192
CurrencyEUR
Price updated17/10/2008
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG429
GIS Total Return Euro High Yield BX
Initial charge5%
Annual charge0.5%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)0.64%
Bid price-
Offer price-
Mid price152.933
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG425
GIS Total Return Euro High Yield CDX
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.484
CurrencyEUR
Price updated29/08/2008
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG428
GIS Total Return Euro High Yield CX
Initial charge5%
Annual charge0.7%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price163.048
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIWE7
GIS Total Return Euro High Yield DX
Initial charge5%
Annual charge1.3%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)1.47%
Bid price-
Offer price-
Mid price203.173
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG426
GIS Total Return Euro High Yield EX
Initial charge5%
Annual charge1.5%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price178.818
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG427
Data provided by

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